The Business Times, 21 March 2006
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2006-03-21
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The Business Times
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Title Section12 2006-03-21 1 THE BUSINESS TIMES SINGAPORE 85 cents online at http://business-times.asial.com.sg MICA (P) 099/03/200612 words
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Article, Illustration578 2006-03-21 1 LESLIE YEE - IPOs smaller accountants are bigger Firms outside the Big Four are taking a big slice of the work as reporting accountants By LESLIE YEE [SINGAPORE] Smaller accounting firms are snaring a substantial slice of the business associated with initial public offers. Half of the 16 IPOs this year in which578 words
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877 2006-03-21 1 ALEXANDRA HO - By ALEXANDRA HO [SINGAPORE] Going by selected balance sheet components of the four remaining consortiums gunning for the Marina Bay integrated resort (IR) released recently with their results ending Dec 31, 2005 the alliance with the biggest war chest is MGM877 words
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Advertisement94 2006-03-21 1 PROPERTY THAI CRISIS Unrest taking toll on economy PG2 nil 8 ***** V *****4 Markets Digest, Pg 2 «|9 C 7V'\ |H|W v *1 H >lBS¥ IBl^^^P^H ARTHUR LEE PARTNERS IN EDUCATION For Mochtar Riady, chairman oftheLippo Group, business goes hand in hand with education. The Indonesian businessman was with94 words
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Advertisement109 2006-03-21 1 ?SME SPOTLIGHT The art of concept furniture retailing HOME LOANS OCBC scheme for faster payment PG7 Jls tf It 1 T I 7 wHH| 1 I -w»'L. f >' tfij|M|^^^H| HK^^dr y/ x/ Breguet. La passion laisse des traces. Wristwatch "Grande Complication" in 18-carat yellow gold, with tourbillon. Hand-wound movement,109 words
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TOP STORIES
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Article, Illustration616 2006-03-21 2 Organiser of Bangkok Motor Show among those feeling the heat By OUR CORRESPONDENT in Bangkok THAILAND'S political stalemate is gradually taking its toll on the economy and the investment climate in the country, research houses and investors are warning. Thai Prime Minister ThaksinAFP - 616 words
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207 2006-03-21 2 Reuters [BANGKOK] Thai telecoms group Samart Corp is interested in buying a stake in Shin Satellite PCL from Singapore's Temasek Holdings, a Samart executive said yesterday. "We have been iA talks about a buying stake in Shin Satellite. But the finalReuters - 207 words
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Article139 2006-03-21 2 STI 2,512.60 (+18.19) ST INDEX FUTURES 2,515.00 (+18.00) SIMSCI 297.70 (+1.79) SIMSCI FUTURES 298.60 (+2.10) MARKETS Monday Change KLSE COMP 923.02 +0.40 NIKKEI 225 16,624.80 +285.07 HANG SENG 15,929.95 +128.29 SET INDEX 734.51 -6.92 JAKARTA COMP 1,330.113 +24.935 MANILA COMP 2,163.31 +13.14 SEOUL COMP 1.346.69 +5.57 SHENZHEN B139 words
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457 2006-03-21 2 ANTHONY ROWLEY - Output gap turns positive for first time since 1997 By ANTHONY ROWLEY in Tokyo FURTHER evidence that Japan's economy has broken out of a decade of stagnation and deflation came yesterday when the Cabinet Office published a report showing that the "output gap" which457 words
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452 2006-03-21 2 GENEVIEVE CUA - By GENEVIEVE CUA {SINGAPORE] The general insurance industry last year chalked up its best underwriting results for at least 10 years. But questions are being asked about whether profitability can be sustained. While underwriting profit surged almost 32 per cent to452 words
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Article629 2006-03-21 2 Temasek places out 770 m Sing Tel shares TEMASEK Holdings yesterday placed out 770 million Singapore Telecommunications shares or 4.6 per cent in its third and biggest placement yet, and is expected to raise about $2 billion. Analysts forecast a fall in SingTel's price today as they expect629 words
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616 2006-03-21 3 WONG WEI KONG - First will be jobs site; property and others in pipeline By WONG WEI KONG [SINGAPORE] Media group Singapore Press Holdings (SPH) is launching online classified advertising to build on the power of its dominant print products. Advertisers will be able to use616 words
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382 2006-03-21 3 CONRAD TAN - By CONRAD TAN [SINGAPORE] Pacific Investment Management Company (Pimco) one of the world's biggest bond fund managers has opened a trading desk in Singapore to pave the way for the launch of a panAsian bond fund within the next six months. Pimco's382 words
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Article, Illustration495 2006-03-21 3 SIOW LI SEN - Analysts see good market absorption of third placement after initial share price dip By SIOW LI SEN [SINGAPORE] Temasek Holdings yesterday placed out 770 million Singapore Telecommunications shares or 4.6 per cent in its third and biggest placement yet, raising probably around $2 billion.495 words
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Advertisement9 2006-03-21 2 people Your search ends here. www.thepeopieatvvork.com Asia-Pacific Executive Search9 words
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Advertisement68 2006-03-21 3 "The Cltiqroup Private Bank" is a business of Citibank N.A. or Citigroup Inc.. which provides its clients access to a broad array of products and services available through bank and non-bank affiliates. Not all services and products provided by all affiliates are available at all locations. For more information, contact68 words
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COMPANY NEWS
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Article, Illustration544 2006-03-21 4 KALPANA RASHIWALA - Touted front-runner for OCBC's stake to also keep retailer's management Reports by KALPANA RASHIWALA JAMES Riady of Indonesia's Lippo Group reportedly the front-runner for OCBC's stake in Robinson hinted yesterday that Lippo would take the retailer's trade names to Indonesia,ARTHUR LEE - 544 words
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428 2006-03-21 4 THOSE wondering what the potential new substantial shareholders of Robinson Group are like, and how they view the Singapore market, may have gotten some idea yesterday. Lippo Group's deputy chairman James Riady said Singapore can be a base for the group's ambitions428 words
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Article642 2006-03-21 4 MATTHEW PHAN - CORPORATE ANALYSIS China's demand for pharmaceuticals is driven by an ageing population, writes MATTHEW PHAN MATTHEW PHAN CHINA'S growing appetite for drugs is boosting the earnings and stock prices of most Chinese pharmaceutical companies listed here. Of the five listed in Singapore Asiapharm Group, Star642 words
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672 2006-03-21 4 HONG SOON JAE - HOCK LOCK SIEW By HONG SOON JAE WHO will be a winner in the bid to buy the majority stake in Korea Exchange Bank (KEB)? There are three banks in the running Singapore's DBS, and Korea's Kookmin Bank and Hana Financial Group. The672 words
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562 2006-03-21 4 Lone Star speeding up sale due to pressure on tax issues and charges of misconduct CITIGROUP, the key lead-manag-er of the sale of Korea Exchange Bank (KEB), is expected to announce the preferred bidder for the nation's fifth largest lender as early562 words
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486 2006-03-21 6 ARTHUR SIM - Raffles falls 13.5 cts, CMT 3 cts, CCT 2 cts; Capita Land up 10 cts By ARTHUR SIM REACTIONS to Capita Commercial Trust (CCT) and Capita Mall Trust (CMT) jointly acquiring Raffles City have been mixed. Raffles Holdings, which is selling its 45 per486 words
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Article, Illustration452 2006-03-21 6 WONG WEI KONG - By WONG WEI KONG SHARES of water treatment specialist Hyflux Ltd crashed over 4 per cent yesterday, as the market reacted negatively to.news that the company is restructuring two projects in the Middle East. Hyflux shares fell to as low as $2.79 before finishingFILE PHOTO; Source: Bloomberg - 452 words
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593 2006-03-21 6 CONRAD RAJ - By CONRAD RAJ KEPPEL Corp yesterday announced that its subsidiary, Keppel Offshore Marine (KepO&M), has just signed a letter of intent with Qatar Gas Transport Company (QGTC) to jointly develop and manage a major new facility in Qatar for593 words
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407 2006-03-21 7 LESLIE YEE - Bank says package will cut both loan period and interest payments By LESLIE YEE OCBC Bank has launched a home loan-cum-endow-ment product described as Singapore's first aimed at helping customers pay off their home loans quicker. The bank is confident407 words
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306 2006-03-21 7 IN AN environment of rising interest rates, Maybank is extending a promotional interest rate of 3 per cent per annum on time deposits of at least $25,000 for six months or $50,000 for three months. Maybank says its lock-in period is shorter and the306 words
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284 2006-03-21 7 PUTTING its proposed office real estate investment trust, K-Reit Asia, on the course towards trading on the Singapore Exchange, Keppel Land yesterday sent the introductory document and circular to its shareholders. Meanwhile, KepLand has called for an extraordinary general meeting on284 words
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147 2006-03-21 7 SEMICONDUCTOR equipment maker Ellipsiz Ltd is acquiring the remaining 49 per cent stake in subsidiary iNETest Resources Pte Ltd for $10.5 million. It will pay vendor TEEM Holdings Pte Ltd $7.35 million in cash and $3.15 million through the issue of 5.46 million147 words
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Article142 2006-03-21 7 Bloomberg [NKW DELHI] India's Bharti Group, which runs the country's biggest mobilephone company Bharti Tele-Ventures Ltd, is considering an entry into the retail business, said chairman Sunil Mittal. The group will decide on the retail venture in a "few months", he told reporters in New DelhiBloomberg - 142 words
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COMPANY BRIEFS
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40 2006-03-21 7 CHINA Aviation Oil (CAO) has reminded its shareholders that, under its restructuring plan, the company's existing shares will be consolidated on a 5-to-l basis with effect from this Thursday, March 23, at 5 pm.40 words
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55 2006-03-21 7 TMC Education Corporation has appointed John Kan Wei Seng as its CEO. The 47-year-old spent the past 10 years in senior management positions such as managing director and regional director with various public-listed multinationals, including Siemens Business Services, Silicon Graphics Inc, Datacraft Asia55 words
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39 2006-03-21 7 GREAT Eastern Life, a wholly owned unit of Great Eastern Holdings, has inked a deal to buy the remaining 51 per cent of Straits Eastern Square Private Limited for $4.36 million.39 words
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Article144 2006-03-21 7 v a < THE Singapore Exchange (SGX) said yesterday it is considering allowing member firms to practise in-ter-exchange cross margining for the Nikkei 225 Index contract and invites public feedback on this proposal. "Currently, when a customer holds a simultaneous long SGX position and a short144 words
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Article, Illustration533 2006-03-21 7 MICHELLE QUAH - By MICHELLE QUAH MAPLETREE Investments, the sponsor of Singaporelisted Mapletree Logistics Trust (MapletreeLog), is paving the way for the latter to acquire logistics properties in Shanghai. Mapletree which recently unveiled plans for a new industrial property Reit in 2007 said yesterday that' it has533 words
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Advertisement2517 2006-03-21 6 :*at^ NOTICFS 1 V1 1 X»_> i- Toll free: 1800-289-8822 Email: notices^sph.com.sg BUV T SELL IT FIND n IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF (1) STIRLING BRIDGE HOLDINGS PTE LTD Reg. No. *****5453 M (2) FUTURISTIC HOLDINGS PTE LTD Reg. No. *****74412,517 words
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Advertisement198 2006-03-21 6 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF THE WATER COMPANY PTE LTD (IN CREDITORS' VOLUNTARY LIQUIDATION) (CO. REG. NO. *****2286G) NOTICE IS HEREBY GIVEN pursuant to Section 308) 1) of the Companies Act, Cap. 50, that a Final Meeting of the Members and198 words
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Advertisement284 2006-03-21 7 Bbusiness &2ZScEi'<s?) 16,552 miles cCw'^f |Y/ I 13,244 nrfcBi^< Bi I ECONOMY A #0 1 I 4,634 miles 9 7no miles 1 19 (Booking Class: H/M/W/G) f AVV Ilile> Terms Conditions t To receive the double bonus mitei, members mutt pre-register for the double bonus miles during the campaign period284 words
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SINGAPORE MARKETS
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Article, Illustration549 2006-03-21 8 R SIVANITHY - STOCKS DBS' comeback and contributions from SingTel and Jardine group propel STI back above 2,500 level R SIVANITHY Senior Correspondent A REBOUND in DBS and the Jardine group after several days of weakness combined with a sudden push on Singapore Telecom to propel theSource: Bloomberg - 549 words
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Article, Illustration1035 2006-03-21 8 SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS (Disclosures made on Mar 20 and earlier) Subsantial No of Price SHAREHOLDING Trans Shareholder/ Buy I Shares Per Before After Stock Date Director Sell 000 Shr C000) S C000) Westcomb 20-Mar-06 Choo Chee Kong *Buy 22 0.29 ***** 34.03 ***** 34.04 Westcomb 20-Mar-06 Westcomb1,035 words
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Article, Illustration957 2006-03-21 8 UMA SHANKARI - Compiled by UMA SHANKARI Capita Land March 20 dose: $436 ÜBS INVESTMENT RESEARCH, March 20 RAFFLES Holdings (RHL) has proposed to sell Raffles City to CapitaCommercial Trust (CCD and Capita Mall Property Trust (CMT) for $2,085 billion. We believe this transaction would be positive for the group. We estimateSource: Bloomberg - 957 words
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Article, Illustration522 2006-03-21 8 LARRY WEE - CURRENCIES LARRY WEE Senior Correspondent THE Australian and New Zealand dollars suffered another dreadful thrashing yesterday, and this time it looked particularly sinister because the heavy selling pressure has blithely ignored another sharp run-up in commodity prices and a weakerlooking USSource: Reuters - 522 words
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SINGAPORE NEWS
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Article, Illustration426 2006-03-21 9 MATTHEW PHAN - They were given the chance to interact with industry leaders By MATTHEW PHAN ASPIRING student entrepreneurs got a helping hand from established business leaders yesterday, as they tossed around ideas such as a virtual bank with products like interest-bear-ing deposits for online game money. TheYEN MENG JIIN - 426 words
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312 2006-03-21 9 ALEXANDRA HO - By ALEXANDRA HO A DIRECTOR of one of the companies which will be bidding to build and run the proposed integrated resort with casino on Sentosa spoke yesterday about the way Singapore's tourist trade will benefit. Kerzner International's executive development director, lan Douglas,312 words
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399 2006-03-21 9 HONG SOON JAE - By HONG SOON JAE LEADING Korean logistics player CJ Global Logistics is expected to use new Singapore vehicle Accord Express Holdings to expand in the region in a bid to become one of the top five regional logistics players, according to the chief399 words
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293 2006-03-21 9 ALTHOUGH Singaporeans are overwhelmingly satisfied with the current state of the environment, they are increasingly willing to play a part in energy and water conservation, according to the findings of a survey conducted by the Ministry of the Environment and Water Resources (MEWR).293 words
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143 2006-03-21 9 THE Ministry of Manpower (MOM) is seeking to halve the occupational fatality rate in worksites from 4.9 to 2.45 per 100,000 workers by 2015. Two initiatives aimed at improving occupational health and safety were officially launched yesterday by Gan Kim Yong, Minister of State143 words
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Article, Illustration450 2006-03-21 10 CHUANG PECK MING - Collaboration will help Russia save time, effort in developing projects Reports by CHUANG PECK MING SINGAPORE can help shorten Russia's learning curve when it comes to special economic zones (SEZs), Minister Mentor Lee Kuan Yew told a business forum yesterday. "We have developed SEZsEOWIN KOO/ST - 450 words
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480 2006-03-21 10 SIGNALLING Singapore's expanding economic presence in Russia, International Enterprise (IE) Singapore, the government's trade promotion arm, will open a full-fledged office in Moscow to help Singapore companies keen to do business there. The office, to be manned by a full-time senior official,480 words
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SINGAPORE ROUNDUP
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87 2006-03-21 10 SINGAPORE will not be affected by the latest outbreak of HSNI avian flu in the village of Permatang Bagak, in Seberang Perai, Penang, according to a statement issued by the Agri-Food Veterinary Authority yesterday. Poultry imports from the disease-free zones of Johor, Malacca and87 words
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66 2006-03-21 10 ECONOMIC ties are set to be forged between Singapore and the provinces of Shandong and Shaanxi as Minister of State for Education Trade and Industry, Chan Soo Sen, leads a delegation there from March 21-29. Mr Chan will call on Shandong's vice-governor Sun66 words
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Article5459 2006-03-21 10 UNIT TRUSTS FUNDS ACMGI Amer Income B USD 8.66/ ACMGI Amer Income A EUR 7.11/ ACMGI Amer Income B EUR 7.11/ AM Amro Asset Mgt (Spore) ACMGI Europ Income Opp AT SGD 15.06/ Star Eirope Eqty!" 0.93* ACMGI Eirop Income Opp BT SGD 15.06/ Star Eirope Bond 1.167 ACMGI Europ5,459 words
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Advertisement33 2006-03-21 9 Worried Over Rising Interest RatesP Choose our 5-year fixed rate home loan for your private property. a 9 y( y *Terrrls and Conditions apply M Ml Cooperative: Your Partner For A Better Life33 words
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Advertisement27 2006-03-21 10 I tr AtlianzGI Global High Payout Fund rated 4 stars Allianz (jfi) Mercer Investment Consultinq. Visit OCBC Bank for details. ciobai investors J company regn. no *****7169Z27 words
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SMEspotlight
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Article, Illustration825 2006-03-21 11 NANDE KHIN - They join MNCs in tapping industry's growth, reports NANDE KHIN NANDE KHIN IF YOU had thought that only the big boys are benefiting from the burgeoning aerospace industry, think again. Small and medi-um-sized enterprises (SMEs) here have also been tapping into the industry's rapid growth.825 words
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Article, Illustration813 2006-03-21 12 CHEN HUIFEN - It all started with the setting-up of a leather upholstery plant in Malaysia, reports CHEN HUIFEN CHEN HUIFEN Ask James Goh anything about his company's financial data and you would most likely have to squeeze it out of him that is, if youARTHUR LEE - 813 words
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1192 2006-03-21 12 NAGARAJ SIVARAM - The future of financial reporting SME standards By NAGARAJ SIVARAM FINANCIAL reporting by companies in Singapore is a I case of "one size fits all" rather than "horses for courses". Although companies are different, there is only one set of rules when it comes to their financial 'statements. •I At1,192 words
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355 2006-03-21 13 TEH HOOI LING - BT portfolio trails as Sesdaq surges 4.1 By TEH HOOI LING AFTER two weeks of decline, the second-tier market is back in favour again. The second board index although not entirely representative of the action in the smaller stocks surged 4.1 per cent in the five trading sessions to yesterday.355 words
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Article, Illustration987 2006-03-21 13 NANDE KHIN - SMALL CAPS New Wave grows its aluminium venture as it maintains its focus on electronics, writes NANDE KHIN NANDE KHIN NEW Wave Holdings looks set to ride on China's burgeoning demand for aluminium to grow its aluminium products distribution business to deliver more than half ofARTHUR LEE - 987 words
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ECONOMY
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Article, Illustration468 2006-03-21 14 Reuters [PARIS] The European Central Bank will do everything it can to keep inflation under control, top ECB policymakers said yesterday. ECB president JeanClaude Trichet said although the ECB was not set on a path of monthly rate rises, inflation was running aboveReuters; REUTERS - 468 words
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475 2006-03-21 14 Rally comes ahead of pressure seen during Hu's US visit Reuters [SHANGHAI] China's yuan closed up against the dollar yesterday, after hitting its strongest level since its revaluation, boosted by the dollar's-weakness and political pressure from this week's visit to Beijing by two USReuters - 475 words
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250 2006-03-21 14 AFP (NUSA DUA] Indonesia needs to work to boost much-needed foreign investment to growth levels higher than those before the 1997 Asian financial crisis, the top economy minister said here yesterday. Speaking at the opening of an international investment conference, Budiono saidAFP - 250 words
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Advertisement1616 2006-03-21 14 I'lA »l »T JI Land I Keppel Land Limited I Co Reg No: *****0001G H (Incorporated in the Republic of Singapore) H Notice of Extraordinary General Meeting I NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of Keppel Land Limited (the"Company") will be held at H Intercontinental Singapore, Ballrooms1,616 words
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MALAYSIA/INDONESIA
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228 2006-03-21 15 AFP [SHANGHAI] Embattled Malaysian automaker Proton is expected to announce an alliance with a Chinese firm this week, in the first of a series of deals with prospective partners, the Financial Times said yesterday. Proton chairman Azlan Hashim told the newspaper the strugglingAFP - 228 words
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Article, Illustration406 2006-03-21 15 Reuters [KUALA LUMPUR] Malaysia's stock exchange operator, Bursa Malaysia, still has plenty of cash and could be in a position to consider another return of capital to shareholders late this year, its chief said yesterday. At the end of 2005, Bursa handedReuters - 406 words
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295 2006-03-21 15 Bernama [CHONGQING] The Malaysian government is changing some of the conditions for the applicants of the "Malaysia My Second Home" programme to attract more foreigners to reside in Malaysia, Deputy Tourism Minister Donald Lim Siang Chai said. He said detailsBernama - 295 words
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BRIEFLY ASIA
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58 2006-03-21 15 Reuters, AFP [BANGALORE] Dell, the world's top PC maker, plans to double its headcount in India to 20,000 over the next three years from about 10,000 now, chairman Michael Dell said yesterday. Dell will set up its fourth call centre in India this year,Reuters,; AFP - 58 words
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94 2006-03-21 15 [KUAI.A LUMPURI Kulim (Malaysia) Bhd plans to build a biodiesel plant on Batam together with an American partner, mainly for export, Malaysia's Business Times reported yesterday. The plant's capacity and cost are not immediately known, but a biodiesel plant which produces 60,000 tonnes per94 words
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85 2006-03-21 15 Bloomberg I JAKARTA] Protests in the past week against the Indonesian operations of Newmont Mining, Freeport-McMoßan Copper Gold and Exxon Mobil appear coordinated, the country's defence minister Juwono Sudarsono said yesterday. Newmont, the world's second-largest gold miner, has a copper and gold mine in SumbawaBloomberg - 85 words
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48 2006-03-21 15 Reuters [CHANGCHUN, Chinal The chairman of India's Bharat Forge yesterday denied a report that it was close to acquiring the forging units of German ThyssenKrupp for more than US$l.5 billion. BN Kalyani, chairman and managing director, said: "There's no truth in that." ReutersReuters - 48 words
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62 2006-03-21 15 Reuters [LONDON] The CEO of the world's biggest steel maker, Mittal Steel, said on Sunday he was confident of gaining enough shareholder support to complete a US$23 billion hostile takeover of rival Arcelor by the end of June. "I am confident we will win,Reuters - 62 words
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Article, Illustration716 2006-03-21 15 SHOEB KAGDA - INDONESIA INSIGHT President lauds strong foundations of S'pore-lndon ties and transformation of country SHOEB KAGDA Jakarta Correspondent PRESIDENT SR Nathan was received with full state honours yesterday at the Istana Merdeka as he began his four-day official visit to Indonesia, highlighting the resumptionREUTERS - 716 words
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Article2329 2006-03-21 15 VOl General Corp 0.49 -0.02 56 Mar 20 w- (-000) Gentmg __.24.10 0.50 859 George Kent 3.57 0.03 450 A A M Realty 1-38 -0.02 35 GHLSystems .0.20 0.01 ***** Abrk .0.32 unch 32 GlobetronksTech 0.32 unch 527 ACP Industries 0.97 0.01 738 GlomacBhd ...1.25 0.01 63 Advance2,329 words
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GREATER CHINA/INDIA
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448 2006-03-21 16 Says 24b yuan bid for Guangdong bank would help Sino-US ties AFP [SHANGHAI] Former US president George Bush has personally lobbied the Chinese government to back a Citigroup-led consortium's bid to buy into Guangdong Development Bank, state press reported yesterday. "On myAFP - 448 words
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403 2006-03-21 16 Central bank will announce steps: finance minister AP. AFP [NEW DELHI] India will soon announce how it plans to make its currency fully convertible, the finance minister said yesterday, a decade after such plans were shelved following the Asian economic crisis. Finance Minister P ChidambaramAP.; AFP - 403 words
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Article, Illustration34 2006-03-21 16 [HONG KONG] Hong Kong telecom operator PCCW chairman Richard Li (right) andHK Chief Executive Donald Tsang hitting the gong at yesterday's launch ceremony of NOW TV's 24-hour Business News Channel. REUTERSREUTERS - 34 words
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461 2006-03-21 16 Foreign firms investing in TV, newspapers: SCMP [NEW DELHI] India is attracting the attention of global media giants anxious to gain a foothold and expand their influence in the world's fastestgrowing media market, according to the South China Morning Post. The461 words
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358 2006-03-21 16 AP [TAIPEI] Taiwan's creation of a business council to promote commercial ties with India is part of the government's effort to reduce the island's growing economic dependence on rival China, experts said yesterday. Last month, Taiwan announced the formation ofAP - 358 words
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Advertisement131 2006-03-21 16 We go under the sea to bring you the best freshest offerings, for a meal you 're u i not likely to forget! IB Don't our mouth-watering menu that Deep-fried Red Garoupa with Thai sauce (at $5.50+ per lOOgm). Available from 1-30 April for lunch and dinner, 7 days a131 words
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ASIA-PACIFIC/WORLD
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819 2006-03-21 17 In return, he asks that they cease protests after poll results are in By OUR CORRESPONDENT in Bangkok AS part of its effort to calm political tensions in Thailand, the caretaker government of prime minister Thaksin Shinawatra has offered talks about issues raised by opponents819 words
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427 2006-03-21 17 LATEST US DATA Reuters, Bloomberg, AP [WASHINGTON] A key gauge of US economic activity fell 0.2 per cent in February after four months of gains, the New York-based Conference Board said yesterday in a report that suggested slower economic growth in the secondReuters,; Bloomberg,; AP - 427 words
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Article237 2006-03-21 17 AFP [BANGKOK] A Thai court yesterday said it has found conflicts of interest in controversial plans to privatise the kingdom's top utility firm. The Supreme Administrative Court will hand down its final ruling on Thursday, on whether to allow the Electricity Generating Authority ofAFP - 237 words
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490 2006-03-21 17 Reuters [TOKYO] Underperforming Japanese companies, wary of becoming takeover targets, are increasingly receptive to activist shareholders who have built an investment strategy aimed at turning such laggards around. "Up until the year 2000, most company managements did not listenReuters - 490 words
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Article, Illustration283 2006-03-21 17 AP [SYDNEY] A powerful cyclone ripped roofs off buildings and uprooted trees across Australia's northeastern coast yesterday, packing winds so powerful that emergency workers were forced to stay inside despite pleas from terrified residents. Hundreds of tourists and thousands of residents were bunkered downAP - 283 words
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325 2006-03-21 17 Reuters [BEIJING] Ford Motor Co's Volvo Car Corp said yesterday it would begin making cars in China this year, a step into the world's third-largest car market that other upmarket automakers took years ago. Chief executive Fredrik Arp said Volvo would build itsReuters - 325 words
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Advertisement21 2006-03-21 17 Lianhe Zaobao Pic<jng I crucial to I I future property I I investments I I in China I I fiwmxii I21 words
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AVIATION
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324 2006-03-21 18 The airline blames its troubles on fuel prices, load factors AP, AFP [KUALA LUMPUR] The Malaysian government has approved flag carrier Malaysia Airlines' (MAS) request to more than double its fuel surcharge for domestic routes, a newspaper reported yesterday. The increase will helpAP,; AFP - 324 words
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Article, Illustration655 2006-03-21 18 Carriers struggling to keep costs down despite increasing capacity Reuters [CHICAGO] Employment prospects for airline workers are better now than at any time since the Sept 11 attacks, but the slight uptick in demand may not create jobs for all out-of-workReuters; BLOOMBERG - 655 words
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358 2006-03-21 18 VEN SREENIVASAN - By VEN SREENIVASAN [SINGAPORE] US plane-maker Boeing has appointed Singaporebased Diethelm Keller Aviation to provide rotable food service equipment for its new Boeing 787 Dreamliner aircraft. The long-term contract, worth over US$5O million, is the first food service equipment deal to be awarded by358 words
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185 2006-03-21 18 Reuters [LONDON] Spain's Grupo Ferrovial was set to start lobbying major shareholders in Britain's BAA pic yesterday despite a cool reception to last week's £8.8 billion (5524.9 billion) takeover bid for the UK airports group. Sources familiar with the situation told ReutersReuters - 185 words
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Article668 2006-03-21 18 QTT WJCMT n* FU8HT WD ll i 18 1 I i—1 [7340JT 0535 Klbs ZT50 L SQ2* 0|55 LX<j 1 89 1J L %i ij jg$ «=o si 1>»n QA§ii m ?&Jf Si? M»« MF153 3300 m ;is Sii6r llfll <& ij'ji —0957 0055 CA958 0745668 words
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Page 18 Advertisements
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Advertisement158 2006-03-21 18 BT/ZUJI Deals of the Week niiiMTTTri |£g J>\ m H r fll m jl HUB ,jf |i HK. ualKrSCr \^mn alFfTr-.. :JT 1 f ih fy f T nlin h *HH BUSINESS (from ECONOMY (from S) HOTEL (from London $3,050 $850 $142 Thai Airways KLM PgnNATIONS BUSINESS CLASS (from S)158 words
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Page 18 Miscellaneous
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Miscellaneous182 2006-03-21 18 CRYPTIC CROSSWORD DOWN (4-4) YESTERDAY'S SOLUTION 1 Ant rhonoina far lettuce (4-6) 14 Releases large enough adver- Across: 1 Vindicative, 7 Lilts, 8 1 m tismg offer (4,6) Proscribe, 10 Denarii, 11 Goulash, 2 Musician who smoraHy good 12 $wj|| 13 |p the swjfTl( 16 |deo but non-U round at182 words
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SHIPPING
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751 2006-03-21 19 It'll begin investing US$250m in 2007 to catch end of growth cycle Bloomberg [HONG KONG] CLSA Ltd, the Asia investment banking arm of France's Credit Agricole, plans to invest as much as US$25O million in ships that ply Asian routes andBloomberg - 751 words
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393 2006-03-21 19 It'll have 613 exhibitors, 9 national pavilions [SINGAPORE] The Asia Pacific Maritime exhibition, one of the top maritime events in this part of the world, opens tomorrow at the Singapore Expo, at a time when global shipping is riding the crest393 words
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396 2006-03-21 19 [HONG KONG] The international investment arm of Singapore's PSA Corp will spearhead a 12-berth expansion of the port of Tianjin as part of a massive project that is also expected to see Cosco Pacific and Denmark's APM Terminals play significant roles, the South396 words
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Article, Illustration244 2006-03-21 19 AFP [LONDON] A British businessman is hoping to buy the retired luxury ocean liner Queen Mary, moored since 1967 in California, and bring it back to its original home port in England. "It is a huge symbol of Britishness and we wantAFP; AP - 244 words
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392 2006-03-21 19 Bloomberg [MANILA] International Container Terminal Services Inc. which operates ports in the Philippines and four other countries, had its second straight annual profit growth as its overseas ports in Brazil and Poland handled more cargo. Net income rose 18 per cent to 1.3 billionBloomberg - 392 words
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Article289 2006-03-21 19 SGX '000 Mar 20 S$ W- Vol CH Offshore j0 37 unch 388 ChuanHup 0.35 unch 1702 Cosco Corporation 1.22 -0.02 1856 CWT Distribution.- 1.04 -0.01 172 EzraHldgs 2.59 0.04 180 Freight Links 0.06 unch 586 Grand Banks Yacht .0.89 -0.03 5 Java Holdings 1.30 unch 1643 K1289 words
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Page 19 Advertisements
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Advertisement423 2006-03-21 19 w m Asia Pacific MpritirTTe 2666 maßttjm e 22.24 Expo, Hall 3 A true blue international event for maritime and shipping industry professionals. iliiiliJL^Come and experience refreshing ways of doing business in a new dimension! j«*\v Who's Who in the Maritime World jtptjHßf Be awed by 9 National Pavilions, 605423 words
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EDITORIAL & OPINION
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501 2006-03-21 20 EDITORIAL MALAYSIA has proceeded warily on bilateral free trade agreements (FTAs). It has a provisional one with Japan which will kick in by July but with staggered tariff liberalisation over four years. Kuala Lumpur is also simultaneously engaged in trade talks with501 words
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Article, Illustration1110 2006-03-21 20 SARITHA RAI - Increased start-up activity reflects signs of shift towards high-value work By SARITHA RAI NYT TWENTY young engineers, mostly from the Indian Institute of Technology, India's premier technology school, peer into computer monitors in the no-frills office of Read-Ink Technologies, a start-upNYT; AFP - 1,110 words
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Article, Illustration811 2006-03-21 20 DAVID MASON - THE BOTTOM LINE DAVID MASON BRITONS are reeling from the disclosure that the CEO of the New (but not untarnished) Labour Party has been responsible for borrowing in excess of £10 million (5528.4 million) for party purposes from friendly sources. To be fair,811 words
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Article, Illustration1301 2006-03-21 21 JOHN GEE - Move to sign the treaty shows its acceptance of a responsibility to make sacrifices for the sake of the environment By JOHN GEE LATER this year, Singapore will join the ranks of those states that have signed the Kyoto Protocol. The decision was announced during the BudgetFILE PHOTO - 1,301 words
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Article, Illustration1145 2006-03-21 21 LOUIS UCHITELLE - By LOUIS UCHITELLE NYT ONCE a month, the US Bureau of Labor Statistics (BLS), along with the news media and a host of economists, enters into a much-trumpeted ritual that is, at best, one-dimensional and tends to distort what's really happening in the USNYT; AP - 1,145 words
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Article10810 2006-03-21 22 SGX MAINBOARD Transaction date: Mar 20 52-Wk Tel List Vol Day Last Quote GrOiv Div GrYld Net MCap High low Code Company Sale ('000) High Low Buyer Seller Cw P/I Smil S 2 5716 1st Software 5c 2 unch 200 2 2 2 2.5 8.1 18 5 610,810 words
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Article6072 2006-03-21 23 FINANCE COMMODITIES MORGAN STANLEY CAPITAL INTERNATIONAL INDICES local curt In SS In USS dy %r <*y V dy %jfr Mir 17 IrxUli Ojogt Chyige Ch.ar,;r Change Change i Imh^o TT>» Woiu *0314 07 S3 flj 35 03 6.4 t MKfttftmiay '033 1 0 4 62 06 56 0.6 B5 lurcipe6,072 words
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Page 24 Advertisements
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Advertisement1337 2006-03-21 24 BPm HgH 1 111} f I V J t NYK GROUP SOUTH ASIA PTE LTD wl raTSK LINE Fax: 6292 2856 (Regional sales)/6239 7109 (OPS)/6299 5785 (Documentation) W NIPPON YUSEN KAISHA TOKTO «O»AKU KAISHfc. no (C/R NO: **********0E) UK CONTINENT SERVICE U.S.A SERVICE Destination Destination ERIKOUSA RDM/A7W/BMN/TLB/NAN HANJIN HOUSTON VCB/VCW/LAX/MZL1,337 words
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Advertisement736 2006-03-21 24 IINIWASIA ROUP SERVICE VBSa/VOT RAMfIKT) HBGHUM) KG RCH ICR I SM I JKT STKAITS VENTURE M/ 06 IS 3? 06/04 09/04 20/04 23/04 25/04 STRAITS VENTM 07/04 15 3.2 27/04 30/04 04/05 07/05 09/05 ST»Am YEMTUItE W/04 IS 3.2 11/05 15/05 U/05 21/05 23/05 lAUSTKAUAN RORO SERVICE 1 YKsa/voT ramkkt)736 words
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Page 25 Advertisements
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Advertisement1718 2006-03-21 25 WAN HAJ INTERNATIONAL PTE LTD amo i4*959?0000/* VW\ WAN HAI LINES Wre^iie 6 2 2 *****200 Y V VVnll Mrtl LIIILJ naTH:(03)334M01FU:(03)*****2(1 mm:(O4)2»S9OOMX:|O4)2»MfV V JOHIH: (07) *****23 HUt (07)251*921 SUR TH: (031) *****75 FAX: (031) *****14/ *****05 www wanhai ram <a «11H:(021)*****«HUt(021)*****MTMTH:*****0/*****1 HUt7l437* www.wanngi.tom.>9 WIH: HX»1)*****«3HUt(041)4150T25, 414^ pouswmcion kb h1,718 words
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Advertisement1202 2006-03-21 25 VESSEL TOY SIN JKT HKG KHH INC KYH PUS VESSEL VOY SIN JKT SUB HKG USN PUS HY PROGRESS HQS 23/3 25/3 30/3 1/4 3/4 5/4 5/4 KMT( PUSAN 604S 26/3 29/3 30/3 4/4 8/4 9/4 KMTC SINGAPORE 604S 2/4 5/4 6/4 11/4 15/4 16/4 YESSR VOY SIN USA JEA1,202 words
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Advertisement868 2006-03-21 25 m SKaurA WEEKLY EXPRESS SAILING SCHEDULE ALSO ACCEPTING TO ALL NORTHERN AND WESTERN ICD POINTS VESSEL VOY SIN PJOANG COLOMBO N. SHEVA COLOMBO SSzSSisfciSz^zJSiz: INDIKA GANDHI OIO7W 03 API 04 APR flZiffl IUiH 114H tAJIV GANDHI OIO2W 10 ARK 11 AW Lliß IZM 2LAEE KOTA PHTAMA IYPMO3S 117 APt I868 words
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THE BUSINESS TIMES SHIPPING TIMES
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5971 2006-03-21 26 This ETA ETA Advertiser Vessel Voyage Telephone ETA ETA Advertiser Velsel Voyage Telephone SIN Desfn Name Name Number Number SIN Desf n Name Name Number Number t 02/05 01/06 NGPl CHANGSHA 46S *****288 To ABIDJAN (ABJ) 2003 Cote D'lvoire 28/03 02/05 China Shpg CMA5,971 words
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Page 26 Advertisements
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Advertisement267 2006-03-21 26 I»m —gfe— —Rai— Of 2301 55TTP ft/*****53 PA< Mil TCTS 15/53 ***** P5 vm pkiintm rara nfln Wm PACUNDA 16MH It/63 li/63 P kllUl 4311 ***** ***** VESSEI VOY SIN PKU VESSEL VOY SIN PNK ™?at mm ——***** T5753 pkiango m ***** moi KBffl mm ***** W7p m iamka 5353267 words
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Advertisement266 2006-03-21 26 VESSEL VOY I PKL I SIN KARACHI DXB BAB NHS PMM BIK ICHOR IRAN BAABAEI PCL 8127 25/03 26/03 04/04 07/04 08/04 13/04 16/04 19/04 IRAN KORDESTAN PCL 8129 02/04 03/04 12/04 IS/04 16/04 22/04 2S/04 28/04 IRAN SHAHRYAR PCI 8130 1 11/04 12/04 21/04 24/04 2S/04 30/04 02/05 05/05266 words
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Advertisement120 2006-03-21 26 i BSA Jk MYANMA ffl FIVE STAR LINE (Myanmor Notional Line) Loading for Yangon VISSEI VOY SIN PKI PEN PGU CHIN SHWE HAW 90W SID PAGAN 349W SID IN MALAYSIA: IOUSTEAD SHIPPING AGENCIES KUL/PKL 03-*****388 PEN: 04-*****15 ACCEPTING CONVENTIONAL CGO VESSa VOY WG SIN PKI KOI TMI ITU SDK TWU120 words
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PROPERTY
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Article, Illustration423 2006-03-21 27 Household spending seen rising as interest rates stay put Bloomberg [LONDON] The pound rose against the euro and the dollar after a report showed house prices climbed to a record in March as the US$6 billion property market extended its rebound.Bloomberg; BLOOMBERG - 423 words
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572 2006-03-21 27 Bloomberg [MUMBAI] India's Chatterjee Group, which has stakes in petrochemicals, drugs and software companies, plans a US$45O million commercial real estate investment fund to tap rising demand for offices in Asia's fourth-largest economy. "The services sector is booming and there is requirement for vastBloomberg - 572 words
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Article322 2006-03-21 27 Reuters [TAIPEI] Indian real estate company Akruti Nirman Ltd plans to list in Mumbai by the end of this year to raise about US$2OO million to fund projects in the fast growing Indian property market. Outside India, the Mum-bai-based company is also looking for businessReuters - 322 words
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266 2006-03-21 27 Bloomberg [LOS ANGELES] Commercial construction, one of the last industries to recover from the most recent recession, is poised for the best year since 2001, contributing more to .economic growth just as homebuilding starts to ebb. "We're in the growth mode at this point," saysBloomberg - 266 words
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Article, Illustration337 2006-03-21 28 The four-year loan is its first syndicated loan in the past five years Bloomberg GUOCOLAND Ltd, a Singapore property developer controlled by Malaysian billionaire Quek Leng Chan, is seeking a US$3OO million loan for its first syndicated loan in the past five years, a banker involvedBloomberg; FILE PHOTO - 337 words
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Article, Illustration509 2006-03-21 28 KALPANA RASHIWALA - Ascott to direct sale proceeds to higher-yield assets By KALPANA RASHIWALA ASIAN Retail Mall Fund (II) ARMF II yesterday signed a sale-and-purchase agreement to buy Liang Court Shopping Centre for $175 million and is expected to spend a further $40-50 million on509 words
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Article, Illustration663 2006-03-21 29 Japan market is finally enjoying a revival from a 15-year slump Reuters [TOKYO] Morgan Stanley, one of the biggest foreign buyers of Japanese real estate, is eager to step up its investments in the country but faces fierce competition for deals in newly boomingReuters; BLOOMBERG - 663 words
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Page 27 Advertisements
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Advertisement302 2006-03-21 27 RETAIL/RESIDENDAL/SOHO DEVELOPMENT SITE FOR SALE T v. 77 Corner location Walking distance to ttie Clarke X. Quay MRT station w V ears x*' area approx 8,037 sq ft xstsjfcx' "®y/ Pl t Ratl 7o /y *BREZ fe/ Height control up to 10 Storeys Zoned commercial. Possible retall/resldentlal/SOHO rf BBSBBI Investment302 words
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Page 28 Advertisements
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Advertisement338 2006-03-21 28 TheUOß^^^^ |2J| Together, we're unbeatable. A flexible combination of fixed floating home loan features tailored to your needs. Our 2-in-1 Home Loan combines the locked-in security of a fixed rate loan With flexibility Of SO 3-Year Hxml Rata Loan save more and pay oft your principal faster*. That's not all.338 words
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Advertisement8 2006-03-21 28 Investment Opportunity RealtorHub ft f- ilk (Investment Dept)8 words
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Advertisement279 2006-03-21 29 Corporate Building Kaki Bukit Excellent corporate image Jgalftftt Corner multi-storey modern < terrace factory 0 9 Suits production, warehousing office >' gj Dual frontage close to MRT kjgfl/ Land area: approx 9,800 sq ft jSjttp Gross floor area: approx 25,000 sq ft JL&. ease balance: 50 years Attractive price no279 words
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Advertisement247 2006-03-21 29 Existing 3-storey apt block with pool •10 strata-titles Foreigners eligible Land: 45,006 sf GFA: 18,234 sf Who needs a map Potential for Addition Alteration works for Nassim Road? Nassim Rd most sought-after address Rare apt block in Nassim GCB area Closing on 28 Apr '06 (Fri), 3.00 pm /j> sdl247 words
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Page 30 Advertisements
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Advertisement479 2006-03-21 30 '^|^|pH||^HpHHF B&ra J B i'«*MK ,-*hVvi ill a M#wg> HH^^M^^^BTH^^^HK^.. ;v\ i i IMP fIB J lifi v Wm IB fIHT*BRttfcfe«SBIHB;*fI!iHBBBHBIHHHHHHHHHHHHB!!NH': iS^RvBaUi f r iHHHV How is ad-hoc expansion of your IT system affecting your business? Never. Tack. Things. On. Again. Rapid growth can critical capability for mixed Windows® and479 words
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